Terntank orders two more LNG fueled tankers

JUNE 20, 2014 — Skagen, Denmark, headquartered Terntank Rederi A/S has exercised its options to add two new LNG-fueled 15,000 dwt tankers to the two it ordered at China's AVIC Dingheng Shipbuilding Co., Ltd. in autumn last year.

The four ships will be delivered from the shipyard at three-month intervals, with the first set for delivery in the spring of 2016 and the fourth in the beginning of 2017. Two of the new ships will be long-term chartered by NEOT, North European Oil Trade Oy, of Finland.

Terntank says it elected to declare its two options because there is considered to be a demand for energy efficient and environmentally adapted tanker tonnage.